Dogecoin has risen by 50% in the last 24 hours and thus, according to market capitalization, the crypto asset with the best performance among the top 100 DOGE recorded strong volume figures at this rally: According to CoinGecko, the crypto currency was last day traded for over $ 700 million

Dogecoin rally shocked many investors Just yesterday there were some Ethereum Classic proponents on Twitter saying that ETC is poised to flip Dogecoin in terms of market cap, and now DOGE is way above ETC when it comes to the Rank goes

While this rally took many by surprise, it is worth noting that DOGE has had an explosive fit of price movement in previous bull markets for some reason, and for some reason, DOGE experiences extremely strong exponential rallies every few years, making new highs against the U.S. Dollars and sometimes even against bitcoin

Assuming Dogecoin is following a similar path it has taken in previous bull cycles, some think there is room to run

This rally comes after Elon Musk, CEO of Tesla and SpaceX, started jokingly tweeting about the cryptocurrency

While the Tesla founder is unlikely to actually buy Dogecoin, his tweets have had a noticeable impact on the DOGE market.For example, after tweeting a meme about DOGE, the cryptocurrency rose around 20% in just a few hours The cryptocurrency has also responded to some of his other tweets on the subject

Musk appears to be a fan of the cryptocurrency culture and often claims that it is his favorite cryptocurrency

I am a writer who has followed Bitcoin for years.My insights and interviews have been published in leading industry publications such as LongHash and Decrypt.I own a small amount of Bitcoin

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World News – USA – Dogecoin price rises 50% as Bitcoin turns 30Is approaching $ 000